Castler closes Pre-Series A funding of $6 Million led by Flipkart, Capital 2B, IIFL Fintech Fund, Venture Catalysts & Zerodha

Startup News And Updates: Daily Roundup (May 2, 2023)

Kumar Amit, former Vice President of Business Development at Razorpay, has recently joined Castler, a Digital Identifier platform, as its Chief Operating Officer (COO) and co-founder. In his new role, Amit will oversee various aspects of the company, including growth strategies, marketing initiatives, operational activities, and compliance procedures. Castler, founded in 2021, aims to revolutionize the escrow banking sector, which encompasses a substantial market worth $260 billion in both domestic and international trade. Through its innovative escrow banking transaction management suite, the company has become the pioneer in this field. Currently, Castler is collaborating with nine banks and plans to expand its partnerships to approximately 25 banks within the next 18 months. Amit’s extensive experience in the fintech industry, including his previous positions at Razorpay and Mobikwik, makes him a valuable addition to Castler’s leadership team.